Liability Risk and Insurance
$8.5mn for Catholic sex abuse victims
St Paul Travelers is to pay $8.5mn to settle disputed claims payments related to sex abuse victims in the Roman Catholic archdiocese of Boston.
Some of the disputed claims stemmed from an $85mn settlement that the archdiocese agreed with 541 abuse victims in September
2003. Under the deal,
St Paul Travelers has also agreed to waive certain premiums owed by the archdiocese.